Sentences with phrase «specific value of collateral»

Not exact matches

With that in mind, if you have a healthy business, but aren't sure about the value of specific collateral, consider applying for an OnDeck loan.

With that in mind, it's important to understand what collateral is, how lenders evaluate and value your collateral, and what some lenders use instead of specific collateral to secure a loan.

What's more, because the loan is not based upon the loan - to - value ratio of any specific collateral, the lender is using other data points to evaluate a business owner's creditworthiness.

Online Lenders tend to have a quick application process, request limited paperwork, evaluate your creditworthiness based on the health of your business, lend smaller amounts, and do not require specific high - value collateral.

Risk Considerations: Investments in debt instruments may decline in value as the result of declines in the credit quality of the issuer, borrower, counterparty, or other entity responsible for payment, underlying collateral, or changes in economic, political, issuer - specific, or other conditions.

Most traditional lenders require collateral with a small business loan, but there are other lenders that do not require a specific type or value of a particular asset to approve a loan, but do secure the loan with a general - lien on your business assets.

What's more, because the loan is not based upon the loan - to - value ratio of any specific collateral, the lender is using other data points to evaluate a business owner's creditworthiness.

As a result, even if you have less - than - perfect credit or don't have specific collateral of sufficient collateral value to secure a traditional small business loan, there are loan options available (provided you can demonstrate other healthy business fundamentals).

There are other lenders, however, who do not require that your loan be tied to a specific piece or type of collateral and who do not need to value your collateral.